| Summary of Operating Segment Revenue, Net Income |
The following reconciliation presents operating segment revenue, net income, and significant segment expenses:
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Revenue |
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$ |
275,410 |
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$ |
329,308 |
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Less: |
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Employee expenses (excluding share-based compensation expense) |
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61,584 |
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72,380 |
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Share-based compensation expense |
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5,945 |
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3,968 |
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195,270 |
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234,417 |
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Depreciation and amortization |
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4,751 |
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5,267 |
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Interest expense |
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765 |
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170 |
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Income taxes |
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— |
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3,833 |
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$ |
7,095 |
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$ |
9,273 |
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Reconciliation of net income to consolidated statements of operations |
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Adjustments and reconciling items |
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— |
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— |
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Consolidated net income |
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$ |
7,095 |
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$ |
9,273 |
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| (1) |
Other segment items included in operating segment net income include product expenses, legal expenses, rent and auto lease expenses, utilities expenses, maintenance expenses, and other overhead expenses. |
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The following reconciliation presents operating segment revenue, net income (loss), and significant segment expenses:
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$ |
1,046,193 |
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$ |
1,228,409 |
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Employee expenses (excluding share-based compensation expense) |
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234,730 |
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268,621 |
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Share-based compensation expense (income) |
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(6,090 |
) |
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131,490 |
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758,740 |
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871,725 |
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Depreciation and amortization |
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18,234 |
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19,772 |
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2,859 |
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3,278 |
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— |
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4,556 |
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Segment net income (loss) |
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$ |
37,720 |
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$ |
(71,033 |
) |
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Reconciliation of net income (loss) to consolidated statements of operations |
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Adjustments and reconciling items |
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— |
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— |
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Consolidated net income (loss) |
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$ |
37,720 |
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$ |
(71,033 |
) |
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| (1) |
Other segment items included in operating segment net income include product expenses, legal expenses, rent and auto lease expenses, utilities expenses, maintenance expenses, and other overhead expenses. |
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